A Health Savings Account (HSA) is a personal healthcare bank account you can use to pay out-of-pocket medical expenses with pretax dollars. If you enroll in a high-deductible health plan, you can open an HSA. You contribute pre-tax dollars to the HSA and Springfield Public Schools will contribute to your HSA.
Unused account dollars are yours to keep, even if you retire or leave the company. You can also invest your HSA funds, so your available healthcare dollars can grow over time.
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Coverage
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2025 Contribution Limit
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2026 Contribution Limit
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Individual Coverage
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$4,300
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$4,400
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Family Coverage
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$8,550
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$8,750
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Catch-up Contribution (Age 55+)
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$1,000
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$1,000
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EMPLOYER CONTRIBUTION to HSA:
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$936
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$972
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